Residential Real Estate Holding
Lex Mercatoria Solicitors assists clients with the purchase of real estate in various jurisdictions. In so doing, we source local advice on tax and structuring from professionals licensed in the jurisdiction where the real estate is situated. Frequently, we project manage the transaction process and the financing arrangements.
For individuals who own or intend to own property abroad, it is important to understand the longer term implications of foreign property ownership in terms of potential exposures to capital gains tax, inheritance tax or forced heirship rules. Depending on the individuals’ residence for tax purposes, substantial benefits may be derived through the use of corporate, trust or foundation structures to address these ownership and tax issues.